Circle of Hope Ministries Inc

Analysis

Circle of Hope Ministries Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Circle of Hope Ministries Inc reported income of $165k and spending of $134k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $165k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 71% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Circle of Hope Ministries Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Api Coalition ($165k), Gang Free Incorporated ($165k) and Smoky Mountain Dream Center ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $16k (12% of expenses). At year end it held assets of $526k against liabilities of $1,242, net assets of $525k. It reported 1 employees.